Boston, MA 02/06/2014 (wallstreetpr) – Twitter Inc (NYSE:TWTR) stock punctured 17.90 percent in the afterhours trading Wednesday, to continue a loss of value that was seen in the regular session of the day. The reason for the microblogging company’s downfall on the browser was due to the weaker than expected results that it declared after the markets closed. TWTR reported that it realized a loss of $511.47 million, translating to $1.41 loss per share. That compared with a loss of $8.71 million or 7 cents per share that it noted in the corresponding quarter a year earlier. Yet, revenue rose slightly to $242.48 million from $112.28 million in the prior year. Analysts had estimated that Twitter Inc (NYSE:TWTR) would narrow its losses this time around to just about 2 cents per share, but that was not to be.
Applied Materials, Inc. (NASDAQ:AMAT) maintains average “buy” rating and price target of $18.12 from 24 equities analysts. The stock is rated a “sell” by two analyst, nine analysts have a “hold” tag on it while 12 others believe it is a “buy”, yet one other analyst has planted a “strong buy” view on the stock. The latest agency to weigh in on the rating of AMAT is RBC Capital that placed it at “sector-perform” with a price target of $18. Applied Materials, Inc. (NASDAQ:AMAT) traded fairly well in the previous session whereby it managed to add 0.66 percent to its market value, with its stock price hiting $16.89 per share.
Genworth Financial Inc (NYSE:GNW) reported earning profit in the fourth quarter that was 24 percent above what it realized in the same quarter a year ago. The encouraging results were helped by noted improvement in the U.S. mortgage insurance business. Fourth quarter profit was $208 million, translating to 41 cents a share, compared with profit of $168 million or 34 cents a share in the fourth quarter of 2012. Nonetheless revenue took a dip to $2.41 billion from about $2.47 billion over the same duration in 2012.
